Community Bank of Raymore Decreases Holdings in General Electric (NYSE:GE)

Community Bank of Raymore trimmed its stake in General Electric (NYSE:GE - Free Report) by 26.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,395 shares of the conglomerate's stock after selling 3,375 shares during the period. General Electric comprises 1.2% of Community Bank of Raymore's investment portfolio, making the stock its 23rd biggest holding. Community Bank of Raymore's holdings in General Electric were worth $1,567,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp purchased a new stake in General Electric during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new position in General Electric in the third quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric during the 3rd quarter worth $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric during the 3rd quarter worth about $28,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in General Electric in the 3rd quarter valued at about $30,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Riccardo Procacci sold 7,000 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the transaction, the senior vice president now owns 13,289 shares of the company's stock, valued at $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

General Electric Stock Performance

General Electric stock traded up $3.09 during trading hours on Monday, reaching $182.83. 5,887,078 shares of the stock were exchanged, compared to its average volume of 4,238,171. The stock has a market cap of $197.87 billion, a P/E ratio of 32.13, a P/E/G ratio of 1.40 and a beta of 1.19. General Electric has a 52-week low of $101.16 and a 52-week high of $194.80. The firm's 50 day moving average is $174.33 and its 200 day moving average is $174.16. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $9.84 billion for the quarter, compared to analysts' expectations of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. Analysts predict that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. General Electric's dividend payout ratio is presently 19.68%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of analyst reports. Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Sanford C. Bernstein boosted their target price on shares of General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Citigroup raised their price target on General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company raised their target price on General Electric from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $201.47.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.